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the september 11 attacks on the u.s. mission in benghazi, libya. that is live thursday at 1:00 p.m. eastern on cspan 3. the two connecticut u.s. senators talked about last week's school shootings in newtown, conn.. this is 40 minutes. >> mr. president, we appear to be in one of those periods of time where we are working too often through the valley of the shadow of death. senator blumenthal and i've come to the floor to speak about the tragedy that occurred, the senseless horrific attacks on innocent people in newtown, conn.. last friday. we must also note with extraordinary respect and sense of loss the death of our truly beloved colleague, senator dan inouye of hawaii. america, as senator reid and senator durbin made so car, america has lost a true hero, a patriot. this senate has lost a great leader, a leader whose accomplishments have been literally historic, and i think all of us have lost a friend. last evening, senator akaka spoke about how dan inouye's legacy, i'm paraphrasing here, was all aund hawi and all he had done for the state. the truth is that i think mt every state in the
. -- and 2008. the u.s. utilizing its trade deficit with the rest of the world has been operating like a huge vacuum cleaner. sucking into the united states the net exports of europe, japan, and lately china. thus providing exporters -- germany, japan, or china -- with the requisite demand necessary. so, the ever expanding trade deficit was not an accident. it was a very clever way of replacing one that surplus recycling system with another. the first one, it was one where america had a surplus and america decided instead of doing what germany is doing at the moment -- which is cutting its nose to spite its face, and thereby ending the -- entering recession by cutting, cutting, cutting -- volcker as the head of the fed at a different idea. we are going to expand our dominance and are well by -- and our wealth by expanding our deficit and using our deficits to provide the rest of the world with the demand which is necessary to grow their economies, even at the expense of hours. -- ours. and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is came o
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